Front Matter Page
Research Department
Authorized for distribution by Stijn Claessens and Jörg W. Decressin
Contents
I. Introduction
II. An Interpretive Literature Review
III. A G-7 Real Activity Indicator Dataset
IV. Single-Country Real Activity Modeling
V. Multi-Country Analysis
VI. Concluding Remarks
References
Tables
1. G-7 Real Activity Indicators
2. G-7 Country Estimation Results
3. Country Factors and Indicators
4. Months with Lowest Observations for Each Country Factor
5. Evolution of Correlation of Country Factors
6. Estimation Results for the G-7 Factor
Figures
1. U.S. Real Activity Indicators
2. Canada Real Activity Indicators
3. U.K. Real Activity Indicators
4. Japan Real Activity Indicators
5. France Real Activity Indicators
6. Germany Real Activity Indicators
7. Italy Real Activity Indicators
8. Country Factors: Canada
9. Country Factors: France
10. Country Factors: Germany
11. Country Factors: Italy
12. Country Factors: Japan
13. Country Factors: United Kingdom
14. Country Factors: United States
15. Country Factors around 1974 and 2008 Recessions
16. G-7 Factor
Appendix
Details of the State Space Model for Country Factor Extraction